16-009[a 0 IM11 om I Lei ti
RESOLUTION NO. 16-009
A RESOLUTION APPROVING TRANSFERS OF FUNDS
WHEREAS, the City Council of Shorewood recognizes that the Storm Water fund has
projected cash deficits during the current CIP period 2015-2024; and
WHEREAS, the City Council desires to resolve those deficits through transfers planned
as part of the Long-Range Financial Plan and Capital Improvement Plan;
WHEREAS, the City Council has identified appropriate sources of funds to resolve
those deficits;
NOW THEREFORE, BE IT RESOLVED, that the City of Shorewood approves the
following transfers as of December 31, 2015:
That the sum of $500,000 be transferred into the Storm Water Fund from
the Sanitary Sewer Fund as anticipated in the Long Range Financial
Management Plan to reimburse that fund for the cost of construction
activities authorized in the Capital Improvement Plan.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 22nd day of
February, 2016.
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Jeag Panchyshyn, Ci CWrk